Should You Wait for Rates to Drop?
Lower rates sound great, but what if home prices rise while you wait? Use this calculator to see the true cost of delaying your purchase.
The Hidden Costs of Timing
Waiting often feels safer, but in a growing market like Texas, time is literally money.
Price Increases
Even modest 5% appreciation adds thousands to the purchase price. If you wait a year for rates to drop 1%, the higher loan amount often cancels out the monthly savings.
Amortization
While you wait, you are paying 100% interest to a landlord. Buying now means you start paying down your own principal immediately.
Refinance Later
Marry the house, date the rate. If you buy now, you lock in the price. If rates drop later, you can refinance to lower your payment—but you can't refinance a higher purchase price.
Secure your price today.
Let's run a "Total Cost Analysis" for your specific market to see if waiting is worth the risk.